Texas Deed of Trust

A Deed of Trust can be substituted for a mortgage deed in the purchase of real estate property except for agricultural farm land.
Title to the property is conveyed by the seller to a trustee instead of to the purchaser. The trustee holds the title as security to ensure the purchaser's performance of its obligations (including payment of the purchase price, maintenance and upkeep of the property, payment of taxes, etc).
If the borrower defaults in payment, the balance becomes due and payable and the trustee may sell the property.
The Deed of Trust contains uniform covenants regarding payments, funds for taxes and insurance, prior mortgages, hazard insurance, occupancy as principal residence, care and maintenance of the property, protection of the lender's security, and other standard clauses.
The loan being secured by the Deed of Trust cannot be a home equity loan. The loan can be made to purchase property, to renew and extend an existing debt, or as a loan against non-homestead property.
Available in MS Word format.
Intended to be used only in the State of Texas.

Document Type:

Microsoft Word

Last Updated: 11-April-2022

SKU: 7811

$17.99

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Texas Warranty Deed with Vendor's Lien

The Warranty Deed gives the seller (the vendor) a lien over the property under a promissory note signed by the buyer and held by the vendor.
The vendor can assign the vendor's lien to a mortgage lender after the promissory note is paid out of the proceeds of a new mortgage.
The lender, who holds the promissory note and deed of trust, will retain superior title to the property until the loan is paid by the buyer.
The form can also be used to place a lien by a third party lender.
Available in MS Word format.
Intended to be used only in the State of Texas.

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The buyer will pay off the balance of the purchase price in regular installments, rather than having to come up with all of the purchase money in order to close the sale.
The Note contains an acceleration clause, meaning if the maker defaults in a payment, the entire balance together with interest becomes immediately due and payable.
Get the Purchase Money Promissory Note signed at the same time that the other documents for the real estate purchase are executed by the buyer.

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A General Warranty Deed provides the buyer with the broadest protection of any form of title deed. The seller (the grantor) gives the buyer (the grantee) the following covenants:
- that the grantor has good and marketable title to the property,
- that the grantor has the legal right and authority to transfer the title to the buyer, and
- that the grantor will forever defend the right of the grantee to possess the property.
This form is a downloadable legal document in MS Word format.
Intended to be used only in the State of Texas.

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The wraparound note is secured by either a mortgage or deed of trust (this will depend on which state the property is located in). The template contains language for both.
A wraparound mortgage is a form of seller financing. The seller (holder of the note) continues to make the payments on the original underlying mortgage, and the buyer (borrower) will make payments under the Wraparound Note to the seller.
This template contains additional provisions as to how any prepayments will be applied, in the event that the buyer is allowed to prepay the balance of the Note.
The form can be in any State where wraparound mortgages are allowed by law.

$12.49

The Release of Lien must be recorded with the County Recorder's Office to release a vendor's lien against the property.
The Release would be filed after (i) the purchaser has paid the balance of the purchase price and (ii) the promissory notes securing the balance have been canceled by the vendor (seller).
Available in MS Word format.
Intended to be used only in the State of Texas.

$6.29